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TLT的长期回报
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TLT的长期回报# Stock
z*2
1
我看了一下,它的最近10年的平均回报是7.5%, 但它持有的那些美国政府国债的回报
也就3%左右,我的问题是它如何做到平均7.5%回报?我有点不明白。
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z*2
2
有大侠能回答这个问题吗?从股版来看,讨论涨多少的没有,但看跌的不少,感觉跌的
可能性比涨可能大一点,所以想买点TLT避险
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p*e
3
The 3 pct u refering to probably is yield on 30 year treasury.
The 7.5 pct return u referring to is probably the annual price gain of tlt,
plus it's dividend over the course of 10 year period. That was cuz the yield
was much higher than the current 2.75 pct. And then pple go into
treasury, and take the price of treasury higher, and take
the yield below 3 pct, and price of tlt rally, by maybe around average of 7.
5 pct per year over the past 10 years.
Be advise, treasury investment is subject to interest rate risk. Currently,
30 years yield is around 2.75ish. If it go up to 4 pct, the price of the
treasury could fall a lot, etf like tlt may lose 20 pct or more.
If u really prepare to lock Urself for 10 years or 30 years, tlt is not the
way to do it, checkout treasurydirect and buy bonds or notes directly from
the treasury. That way, u probably will not lose ur capital if u plan to
hold to maturity, assuming if the us gov't will not default. but then of
course, there will be opportunity cost should the interest rate go higher in
the future, even if u decide to hold to mature and dont realize ur capital
loss
A simple google shld help u distinguish between the following Coupon rate,
Yields and Return.
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d*1
4
楼上萝卜说的很明白了,7.5%里包括TLT最近10年的价格涨幅了。。如果看跌美国大盘
的话,最保险的就是买TLT了

【在 z*****2 的大作中提到】
: 我看了一下,它的最近10年的平均回报是7.5%, 但它持有的那些美国政府国债的回报
: 也就3%左右,我的问题是它如何做到平均7.5%回报?我有点不明白。

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p*e
5
Tlt does not necessarily correlate with us equity. Even tho the negative
correlation has been strong in the past. It need not be true in the future.
It maybe, but it need not be.

【在 d********1 的大作中提到】
: 楼上萝卜说的很明白了,7.5%里包括TLT最近10年的价格涨幅了。。如果看跌美国大盘
: 的话,最保险的就是买TLT了

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d*1
6
It would have to be in the near future or at least by year-end, for its
effectineness and efficiency compared to other safe bets out there ;)..

.
回报

【在 p******e 的大作中提到】
: Tlt does not necessarily correlate with us equity. Even tho the negative
: correlation has been strong in the past. It need not be true in the future.
: It maybe, but it need not be.

avatar
p*e
7
No comment

future.
大盘
的回报

【在 d********1 的大作中提到】
: It would have to be in the near future or at least by year-end, for its
: effectineness and efficiency compared to other safe bets out there ;)..
:
: .
: 回报

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